$309K
$61,606
"Located on a spacious 809 sqm block within close proximity to the Wimmera river is this 3 bedroom, 1 bathroom home. Walk in the front door to a large updated kitchen with stainless steel appliances including gas cooktop, electric oven and the convenience of a dishwasher. With ample storage, large benches to provide a great work space, pantry, split system heating and cooling and room for dining, this room is sure to be the hub of the home. Down the hallway you will find a modern bathroom with a spa bathtub and separate shower, two bedrooms with builtin robes, with the third bedroom located at the front of the house and also boasting its own large builtin robe. To the rear of the home is the cozy living area with direct access to an undercover patio and a large rear yard, offering plenty of space for the kids to play and waiting for your personal touch on the gardens. Other features of the property include Gas heating. Gas Hot Water New Roof over the bedrooms and living room. Single Garage Space. This home is perfect for the couple looking to downsize, for the family looking for a comfortable and convenient home or investors looking to expand their portfolio with the potential to bring in 350pw rent"
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76.6%
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-$40,000
-$8,170
4.5%
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Asking Price
$310,000
Estimated Purchase Price
$350,000
Stamp Duty
$16,070
Transfer Fee
$925
Conveyancing
$1,196
Deposit (10%)
$35,000
Reg. Mortgage
$129
LMI Premium
$7,737
Renovation Costs
-
Total Cash/Equity Required
$61,606
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$15,600
$22,204
Property Management
+7.7% PA
$1,201
$1,710
Rates
+3.0% PA
$2,015
$2,629
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$9,119
$13,605
Interest Repayments
$20,790
$20,790
Net Cashflow Before Tax
-$11,671
-$7,185
Depreciation
-
-
Tax Offset
-$3,501
-$2,156
Net Cashflow After Tax
-$8,170
-$5,030
Assumptions
Year 1
Year 10
Property Value
6.8%
$331,080
$598,514
Loan Balance
I.O
$315,000
$315,000
$16,080
$283,514
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2021 Population
Suburbs
Health Care and Social Assistance - 18.0%
Retail Trade - 12.0%
Agriculture, Forestry and Fishing - 8.0%
Accommodation and Food Services - 7.0%
Others - 55.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price